International Public Climate Finance Flows to the Southern and Eastern Mediterranean Countries in 2017
The Union for the Mediterranean adopted a Ministerial Declaration on Environment and Climate Change in 2014, where UfM Member States call for greater assistance and international cooperation with regards to finance, technology transfer and capacity building. In response, the UfM created the Regional Finance Cooperation Committee for Climate Action and in parallel the UfM Climate Change Expert Group. The UfM CCEG was created to support the development of climate projects and initiatives, acting as a platform to enhance regional dialogues and to bring together climate initiatives, programmes, and stakeholders. In 2009, developed countries pledged to raise 100 billion USD per year by 2020 to finance global climate action in the context of the United Nations Framework Convention on Climate Change (UNFCCC). Following this, the UfM Secretariat sought to obtain an overview of climate finance committed to the SEMed region. In response, two studies on international public climate finance to the SEMed region in 2016 and 2017 were conducted by Climatekos on behalf of the UfM, with support from the European Union and under the administration of the Facility for Regional Policy Dialogue on Integrated Maritime Policy / Climate Change (Fac IMP/CC). This final report for 2017 complements preliminary 2017 data collected during 2018 with recently published climate finance information from the OECD.
Authors: Sabine Henders, Robert Tippmann, Ali Agoumi